The statutory banking regulator of the Federated States of Micronesia, based in Kolonia, Pohnpei. A Banking Commissioner appointed by the FSM President serves as its chief executive.
What they do
Licenses and supervises banks, protects depositors and promotes the soundness and stability of the banking system. Supervision combines off-site monitoring and analysis, on-site examinations and corporate activities such as regulations, approvals and enforcement. Its 2024 annual report says it also discharges certain AML/CFT oversight functions while the Department of Justice is directly charged with AML responsibilities.
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